Market Report
London midday: Stocks flatten out after borrowing figures; Acacia shines bright
London stocks had flattened out by midday on Friday as investors digested news that public sector net borrowing in the UK rose sharply in June.
BlueRock Diamonds sell 12.2 carat diamond for $105,000
AIM-listed diamond mining company BlueRock Diamonds said on Friday that it has sold a 12. 2 carat diamond for $105,000 - $8,584 per carat - in the July tender.
Asia report: Markets rise on renewed Fed rate cut hopes
Markets in Asia advanced on the last trading day of the week, as expectations for some easing from the US Federal Reserve began to ripple across the Pacific.
Record's assets under management grow following new client additions
Currency manager Record saw assets under management (AUM) move ahead slightly in the second quarter after adding new clients during the period.
Amerisur launches strategic review that could lead to sale
South America-focussed oil and gas producer and explorer Amerisur Resources announced on Friday that, following the receipt of interest in the company and its assets from other industry participants, and in light of the “high level” of recent activity in the Colombian exploration and production sector, it had decided to conduct a formal review of the strategic options available to the company to maximise value for shareholders.
Globalworth Real Estate closes acquisition of two Poland office blocks
Central and eastern Europe-focussed office real estate investor Globalworth Real Estate confirmed the closing of the acquisition of two “high quality” office buildings in Poland on Friday.
Motif Bio told it is in breach of Nasdaq listing rules
Motif Bio has received a deficiency notice from Nasdaq, indicating that based upon a review of its market value of listed securities (MVLS) for the last 30 consecutive business days, the company no longer met the minimum standard for continued listing on the Nasdaq Capital Market.
SolGold upbeat on latest progress at Cascabel Project
SolGold updated the market on the work programme and recent drilling at its Cascabel Project in Northern Ecuador on Friday, reporting that large additional tonnage was targeted to be brought into the indicated category at the Alpala Deposit, due to an additional 68,354 metres of drilling now completed since the release of the second mineral resource update.
Midatech reveals positive results from 'MTX102' human study
Midatech Pharma announced positive results from a first-in-human study of its ‘MTX102’ immuno-tolerising vaccine product candidate in diabetes on Friday.
Van Elle slumps as it warns on profits
AIM-listed ground engineering contractor Van Elle saw its shares slump as it issued a profit warning and highlighted ongoing uncertainty in markets.
John Laing Environmental buys up Yorkshire hydro projects
John Laing Environmental Assets Group (JLEN) announced the acquisition of Yorkshire Hydropower Holdings (YHHL) for a total consideration, including working capital, of £4. 3m on Friday.
Petro Matad spuds Heron-1 exploration well in Mongolia
Mongolian oil explorer Petro Matad said it had spudded its Heron-1 exploration well in the Tamsag Basin.
AB InBev sells Australian business to Asahi
Anheuser-Busch InBev has agreed to sell its Australian operations to Japan's Asahi Group for an enterprise value of A$16bn (£9bn) to pay off debt.
Aston Martin's biggest shareholder to buy further 3% stake
Aston Martin Lagonda's biggest shareholder has offered to buy a further 3% stake in the luxury car maker.
Europe open: Shares up on Fed comments, InBev Aussie sale
European shares opened higher at the end of the week on the back of stronger sessions in the US and Asia and renewed hopes of more monetary easing from the US Federal Reserve.
London open: FTSE boosted by Fed rate cut hopes
London stocks rose in early trade on Friday, taking their cue from positive US and Asian sessions amid renewed hopes of more monetary easing from the US Federal Reserve.
DP Poland's interim system sales slip despite Q2 improvement
Polish sub-franchiser DP Poland saw system sales grow in the second quarter of its trading year, with like-for-like sales returning to a positive level from March onwards.
Pennant International buys Cambridgeshire-based rail services business
Training and support solutions provider Pennant International has acquired Cambridgeshire-based rail services business Track Access Services, bringing additional expertise and high-quality customer base to the group's rail sector portfolio.
ITV and the BBC to launch 'BritBox' streaming service in the UK
ITV and the BBC have agreed to launch the ‘BritBox’ streaming service in the UK in the fourth quarter of the year, it was revealed on Friday.
Grainger refinances GRIP portfolio after buying out partner
Residential landlord Grainger has successfully agreed a refinancing with Rothesay Life for its ‘GRIP’ portfolio, it announced on Friday.